SMC Infrastructure on Thursday, December 1, 2022, implemented its “Seamless Southern Tollways” program to eliminate multiple toll stops for northbound and southbound motorists. For years, Southern Luzon-bound motorists stop for toll and encounter traffic buildups at the South Luzon...
Diversified conglomerate San Miguel Corporation (SMC) is ramping up its efforts that will ensure sustainable livelihood and business opportunities for close to 500 families living in Bulakan, Bulacan. In a statement, the firm said it has launched a livelihood center and formally established a...
Diversified conglomerate San Miguel Corporation (SMC) reported a 26 percent growth in consolidated core net income to P43.5 billion in the first nine months of 2022 from the P34.4 billion earned in the same period last year. However, consolidated nine-month net income fell 62 percent to P12.9...
San Miguel Food and Beverage, Inc. (SMFB) posted a 9 percent improvement in consolidated net income to P26.3 billion in the first nine months of the year as it maintained strong growth momentum during the third quarter. In a statemen, the firm said consolidated revenues rose 18 percent year-on-year...
Ginebra San Miguel Inc. (GSMI), San Miguel Corporation’s spirits business, reported a 7 percent improvement in net income to P3.4 billion as it sustained growth momentum in the first nine months of the year. In a statement, GSMI said it posted revenues amounting to P34.5 billion, 12percent higher...
Diversified conglomerate San Miguel Corporation reported a 33 percent drop in consolidated net income to P19.8 billion in the first semester of 2022 from the P29.6 billion registered in the same period last year. In a statement, SMC noted the lingering effects of the pandemic, supply chain...
Finance Secretary Benjamin E. Diokno said the proposed Bulacan Airport City Special Economic Zone and Freeport had carried substantial fiscal risks to the government. In an interview with ANC on Wednesday, July 6, Diokno affirmed former Finance Secretary Carlos G. Dominguez III’s call to the...
San Miguel Corporation (SMC) President and Chief Executive Officer Ramon S. Ang said that if all the issues raised in President Ferdinand Marcos Jr.'s veto could be addressed, the full potential of the Bulacan Airport Economic Zone to generate over $200 billion in export revenues annually, could...
Diversified conglomerate San Miguel Corp. (SMC) is optimistic that its growth will be much stronger this year compared to 2021 on the back of the improvements in the Covid situation. “With lesser lockdown and (now being) more knowledgeable about the Covid problem, I think the company with...
While grappling with rising raw material costs in all divisions, San Miguel Food and Beverage Inc. expects its beer and spirits businesses to continue to recover as the economy reopens. “We are almost half-way through 2022 and many macro uncertainties have emerged including accelerating inflation...
Diversified conglomerate San Miguel Corporation posted a 19 percent drop in net income to P13.94 billion in the first quarter of 2022 from P17.17 billion in the same period last year due to non-recurring items. In a statement, the firm said consolidated income from operations jumped 25 percent to...
San Miguel Food and Beverage, Inc. reported a 5 percent decline in consolidated net income to P9.2 billion in the first quarter of 2022 from P9.7 billion in the same period last year. However, the firm said in a statement that, excluding non-recurring benefits in the first quarter of 2021 related...
